Information Services Group (NASDAQ:III - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Monday.
Separately, Barrington Research raised their price target on shares of Information Services Group from $3.75 to $5.50 and gave the company an "outperform" rating in a research report on Monday.
Check Out Our Latest Analysis on Information Services Group
Information Services Group Stock Performance
Shares of NASDAQ III traded up $0.10 during midday trading on Monday, reaching $4.90. 488,004 shares of the stock were exchanged, compared to its average volume of 112,146. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. The firm has a market cap of $236.45 million, a price-to-earnings ratio of -69.99, a PEG ratio of 1.34 and a beta of 1.08. The firm has a 50-day simple moving average of $3.80 and a two-hundred day simple moving average of $3.47. Information Services Group has a twelve month low of $2.92 and a twelve month high of $5.05.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in Information Services Group by 195.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider's stock valued at $26,000 after acquiring an additional 5,104 shares during the last quarter. Picton Mahoney Asset Management grew its position in Information Services Group by 47.2% in the fourth quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider's stock worth $32,000 after acquiring an additional 3,110 shares during the period. Intech Investment Management LLC purchased a new stake in Information Services Group in the fourth quarter valued at $34,000. ProShare Advisors LLC purchased a new stake in Information Services Group in the fourth quarter valued at $34,000. Finally, Access Investment Management LLC lifted its stake in shares of Information Services Group by 183.8% in the 4th quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider's stock valued at $35,000 after purchasing an additional 6,810 shares during the last quarter. Institutional investors and hedge funds own 73.10% of the company's stock.
About Information Services Group
(
Get Free Report)
Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.
Read More
Before you consider Information Services Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Information Services Group wasn't on the list.
While Information Services Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
